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Regression Analysis

Submitted by Catherine and viewed 335 times
Total Word Count: 5311  
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An increase in employee benefits is likely to increase job satisfaction levels, the AIU data set contains intrinsic, overall and extrinsic variables that measure employee satisfaction, using the benefits variable as the independent variable models that show the relationship between benefits and the job satisfaction variables are estimated. it is expected that as benefits increase then all the other variables will increase, meaning that when employees are satisfied with benefits such as wages and salaries then their satisfaction is likely to increase, therefore increasing benefits satisfaction will increase satisfaction levels.

Regression analysis:

Introduction:

An increase in employee benefits is likely to increase job satisfaction levels, the AIU data set contains intrinsic, overall and extrinsic variables that measure employee satisfaction, using the benefits variable as the independent variable models that show the relationship between benefits and the job satisfaction variables are estimated. it is expected that as benefits increase then all the other variables will increase, meaning that when employees are satisfied with benefits such as wages and salaries then their satisfaction is likely to increase, therefore increasing benefits satisfaction will increase satisfaction levels.1. 1.Benefits variable versus intrinsic variable:

In this model the intrinsic variable is set as the dependent variable while the benefit variable is set as the independent variable, the estimated model take the form Yi = B0 + B1X where Y is intrinsic and X is benefits, it is expected that the value of B1 will be positive given that as benefits variable increase the intrinsic variable also increases, the following is a summary of the excel output. (Stuart, 1998)

Multiple R

0.215

 

 

 

 

 

 

 

R Square

0.046

 

 

 

 

 

 

 

Adjusted R Square

0.005

 

 

 

 

 

 

 

Standard Error

1.028

 

 

 

 

 

 

 

Observations

25.000

 

 

 

 

 

 

 

ANOVA

 

 

 

 

 

 

 

 

 

df

SS

MS

F

Significance F

 

 

 

Regression

1.000

1.183

1.183

1.120

0.301

 

 

 

Residual

23.000

24.298

1.056

 

 

 

 

 

Total

24.000

25.482

 

 

 

 

 

 

 

Coefficients

Standard Error

t Stat

P-value

Lower

95%

Upper 95%

Lower 95.0%

Upper 95.0%

Intercept

3.240

1.822

1.778

0.089

-0.530

7.009

-0.530

7.009

BENEFITS

0.349

0.330

1.058

0.301

-0.333

1.031

-0.333

1.031

 

2. Benefits variable versus extrinsic variable:

The extrinsic variable is set as the dependent variable while the benefit variable is set as the independent variable, the estimated model take the form Yi = B0 + B1X where Y is extrinsic and X is benefits, the following is a summary of the excel output

Multiple R

0.381

 

 

 

 

 

 

 

R Square

0.145

 

 

 

 

 

 

 

Adjusted R Square

0.108

 

 

 

 

 

 

 

Standard Error

0.971

 

 

 

 

 

 

 

Observations

25.000

 

 

 

 

 

 

 

ANOVA

 

 

 

 

 

 

 

 

 

df

SS

MS

F

Significance F

 

 

 

Regression

1.000

3.678

3.678

3.905

0.060

 

 

 

Residual

23.000

21.663

0.942

 

 

 

 

 

Total

24.000

25.342

 

 

 

 

 

 

 

Coefficients

Standard Error

t Stat

P-value

Lower 95%

Upper 95%

Lower 95.0%

Upper 95.0%

Intercept

8.235

1.721

4.786

0.000

4.675

11.79

4.675

11.79

BENEFITS

-0.615

0.311

-1.97

0.060

-1.259

0.029

-1.26

0.029

 

3. Benefits variable versus the overall variable:

For this model the overall variable is set as the dependent variable while the benefit variable is set as the independent variable, the estimated model take the form Yi = B0 + B1X where Y is overall and X is benefits, the following is a summary of the excel output

 

ArticleSource: ArticlesAlley.com

Multiple R

0.024

 

 

 

 

 

 

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